Video Solutions
9/11  Instagram Post Solution
When she cuts the check on January 1, she'll debit an asset (prepaid expenses) and credit cash for $96,000.
Then at the end of each month througho...
9/10  Instagram Story Solutions
1. Rent cost is usually
Variable; Fixed
2. Depreciation is an exact science
True; False
3. Amortization is an exact science
True; False
4. W...
9/10  Instagram Post Solution
You can solve this problem with common sense, but if you want to know the correct accounting terminology...
The contribution margin per unit is ...
9/9  Instagram Post Solution
This is a pretty hard one if you're a newcomer to accounting...
The book value of equipment is equal to historical cost minus accumulated deprecia...
9/8 Instagram Post Solution
If the additional discount is for 30% of the original price, then the discount is equal to .30 * $1,500,000 = $450,000.
That means that the final ...
9/7 Instagram Post Solution
It takes 3.5 hours for Tom to make the drive. If he leaves at 1:30 PM, he'll get there at 5:00 PM.
It takes Lisa 12.25 hours to make the drive (3....
9/6  Instagram Post Solution
15 lbs. of steel / 20 units = .75 lb. per unit
.75 * $.25 * 100,000 = $18,750
10 lbs. of copper / 50 units = .20 lb. per unit
.20 * $.30 * 100,0...
9/7  Instagram Story Solutions
1. 3.5X = 12.25
X = 3.5
2. 3.5X = (12.25)^1
X = 3.5
3. 3.5X = (12.25)^0
X = 1/3.5
4. (3.5)^2 = 12.25X
X = 1
Anything to the power of ^1 is...
9/5  Instagram Story Solutions
1. Unearned revenue and deferred revenue are synonyms
True; False
2. Unearned revenue is a liability
True; False
3. Companies using the cash ba...

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